FINRA Proposes Extension of Expiration Date for Application of FINRA Rules to Security-Based Swaps
Commentary by Steven Lofchie
FINRA proposed that the expiration date for FINRA Rule 0180 ("Application of Rules to Security-Based Swaps") be extended to February 11, 2017. FINRA Rule 0180 temporarily limits, with certain exceptions, the application of FINRA rules with respect to security-based swaps.
Commentary
The extension is essentially a formality, since there are no SEC rules in place to regulate security-based swap dealers.